Our Fixed pricing for stocks, ETFs (Exchange Traded Products, or ETPs) and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales. In the event that IB receives a rebate for executing a trade in a Regulation NMS stock at a market-maker, dark pool, or with a liquidity provider in the IB ATS, IB will pass the full amount of that rebate to Fixed-commission customers as a commission discount.
Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|
No Transaction Fee ETFs | USD 0.00 | USD 0.00 |
USD 0.005 per share | USD 1.00 | 1.0% of trade value 1, 7 |
Example
100 Shares @ USD 25 Share Price = USD 1.00 1,000 Shares @ USD 25 Share Price = USD 5.00 1,000 Shares @ USD 0.25 Share Price = USD 2.50 |
Value | Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|---|
All | USD 0.0075 per share | USD 1.00 | 1% of trade value 1 |
Example
500 Shares @ USD 25 Share Price = USD 3.75 |
Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|
USD 0.02 per share | USD 1.00 | 1% of trade value 1 |
Example
100 Shares @ USD 25 Share Price = USD 2.00 |
Remove Liquidity | Add Liquidity | |
---|---|---|
Directed orders | N/A 4 | N/A |
Smart-routed orders9 | Variable (see note) | N/A |
Remove Liquidity | Add Liquidity | |
---|---|---|
Directed orders | N/A 4 | Normal commission applies |
Smart-routed orders | Normal commission applies minus 0.0007 per share | Normal commission applies minus 0.0007 per share |
Remove Liquidity | Add Liquidity | |
---|---|---|
Directed orders | N/A 4 | Normal commission applies |
Smart-routed orders10 | Variable (see note) | Variable (see note) |
Fee |
---|
Normal commission applies plus USD 0.0010 per share |
(Stocks, ETF, Warrants, Rights, Voting Trust Certificates) | USD 0.0000221 * Value of Aggregate Sales |
FINRA Trading Activity Fee | USD 0.000119 * Quantity Sold 8 |
We charge a minimum commission for US stock trades allocated by Advisors and Brokers to their clients. Advisors and Brokers can choose to charge the allocation minimum fee to their master account or to the client account. By default, the allocation minimum is charged to the client account unless there is a specific rate arrangement between the client and the master account.
US Stocks | Minimum (trade value * 0.0005, USD 1) | ||
Example 1
100 Shares executed at a price of USD 100.00 allocated to two accounts (50/50): Allocation Size = 50 Trade Value Per Allocation = USD 5,000 Minimum (5000 * 0.0005, USD 1) = Minimum (2.5, 1) New Total Fixed Commission Per Allocation = 1.00 |
|||
Example 2
100 Shares executed at a price of USD 24.00 allocated to two accounts (50/50): Allocation Size = 50 Trade Value Per Allocation = USD 1200 Minimum (1200 * 0.0005, USD 1) = (0.6, 1) New Total Fixed Commission Per Allocation = 0.60 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
CAD 0.01 per share | CAD 1.00 | 0.5% of trade value 1, 2 | |
Example
100 Shares @ CAD 25 Share Price = CAD 1.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
MXN 0.1% of trade value | MXN 60.00 | N/A | |
Example
700 Shares @ MXN 100 Share Price = MXN 70.00 |
Notes:
Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.1% of trade value | EUR 4.00 | EUR 120.00 |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.2% of trade value | EUR 10.00 | None |
Example
100 Shares @ EUR 50 Share Price = EUR 10.00 1,000 Shares @ EUR 50 Share Price = EUR 100.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Euro-denominated | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
USD-denominated | 0.1% of trade value | USD 5.00 | USD 42.00 |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 100 Shares @ USD 75 Share Price = USD 7.50 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
SWB | 0.12% of trade value | EUR 6.00 | None |
SWB Warrants | 0.12% of trade value | EUR 6.00 | EUR 49.00 |
FWB 2 | 0.1% of trade value | EUR 4.00 | EUR 99.00 |
FWB Warrants | 0.1% of trade value | EUR 4.00 | EUR 49.00 |
Chi-X / BATS / Turquoise DE / Tradegate | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
Xetra - ETFs | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
Xetra - Stocks | 0.1% of trade value | EUR 4.00 | EUR 99.00 |
GETTEX - Stocks and Warrants | 0.05% of trade value | EUR 1.25 | N/A |
Example
100 Shares @ EUR 50 Share Price = EUR 6.00 FWB: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 50.00 Chi-X / BATS / Turquoise DE / Tradegate: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 Xetra - ETFs: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 Xetra - Stocks: 100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 50.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Stocks | 0.1% of trade value | HUF 200 | No Maximum |
Example
100 Shares @ HUF 50 Share Price = HUF 200 1,000 Shares @ HUF 500 Share Price = HUF 500 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Stocks | 0.1% of trade value | ILS 15 | No Maximum |
Example
100 Shares @ ILS 50 Share Price = ILS 15 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Stocks, ETFs & Funds | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
Warrants & Structured Products | 0.1% of trade value | EUR 6.00 | EUR 29.00 |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Euro-denominated | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
USD-denominated | 0.1% of trade value | USD 5.00 | USD 42.00 |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 1,000 Shares @ EUR 50 Share Price = EUR 29.00 100 Shares @ USD 75 Share Price = USD 7.50 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.05% of trade value | NOK 49.00 | None |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.1% of trade value | PLN 15.00 | N/A |
Example
100 Shares @ PLN 50 Share Price = PLN 15.00 1,000 Shares @ PLN 50 Share Price = PLN 50.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.15% of trade value | EUR 6.00 | None |
Example
100 Shares @ EUR 50 Share Price = EUR 7.50 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All | 0.1% of trade value | EUR 4.00 | None |
Example
100 Shares @ EUR 50 Share Price = EUR 5.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
All Other | 0.05% of trade value | SEK 49.00 | None |
EUR-denominated | 0.10% of trade value | EUR 4.00 | None |
Example
100 Shares @ SEK 50 Share Price = SEK 49.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
CHF-denominated 3 | 0.1% of trade value | CHF 10.00 | None |
EUR-denominated | 0.1% of trade value | EUR 10.00 | None |
USD-denominated ETF, Warrants & Structure Products | 0.1% of trade value | USD 10.00 | None |
GBP-denominated | 0.1% of trade value | GBP 6.00 | None |
USD-denominated Other | 0.1% of trade value | USD 5.00 | USD 42.00 |
Example
100 Shares @ CHF 50 Share Price = CHF 10.00 |
Fixed | Minimum Per Order | Maximum Per Order | |
---|---|---|---|
Up to GBP 50,000 Trade Value | GBP 6.00 | GBP 6.00 | GBP 6.00 |
> GBP 50,000 Trade Value | GBP 6.00 + 0.05% of incremental trade value > GBP 50,000 |
GBP 6.00 | GBP 29.00 |
LSE International Order Book and USD-denominated stocks | USD 0.05% of trade value | USD 5.00 | None |
EUR-denominated stocks | 0.1% of trade value | EUR 4.00 | EUR 29.00 |
Example
100 Shares @ GBP 50 Share Price= GBP 6.00 30,000 Shares @ GBP 2 Share Price= GBP 11.00 100 Shares @ USD 100 Share Price = USD 5.00 |
Notes:
Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.
Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all IB commissions, exchange and regulatory fees.
Tier | Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|---|
All | 0.08% of trade value | AUD 6.00 | N/A |
Example
400 shares@ AUD 50 Share Price= AUD 16 |
Tier | Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|---|
SEHK Stocks | 0.08% of trade value | HKD 18 | N/A |
SEHK Warrants, Structured Products | 0.08% of trade value | HKD 10 | N/A |
Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect Stocks | 0.08% of trade value | CNH 15 | N/A |
Example
400 shares@ HKD 70 Share Price= HKD 22.40 |
Product | Standard | Minimum | Maximum |
---|---|---|---|
Stocks4 | 1 bps | INR 6 | INR 20 |
Tier | Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|---|
All | 0.08% of trade value | JPY 80 | N/A |
Example
100 Shares @ JPY 10,000 Share Price= JPY 800 |
Tier | Fixed | Minimum Per Order | Maximum Per Order |
---|---|---|---|
All | 0.08% of trade value |
SGD 2.50 USD 2.00 HKD 14.50 GBP 1.40 EUR 2.00 |
N/A |
Example
100 Shares @ SGD 50 Share Price= SGD 4 |
Notes: